dinero_admin 
The Finance Commission of the Legislative Assembly has begun the analysis of the General State Budget and Special Budgets Law for fiscal year 2025, as well as the Salaries Bill. The president of the committee, Christian Guevara, highlighted that the budget proposed by the Ministry of Finance amounts to US$9,663 million, a significant figure that will be completely self-financed, which will avoid the issuance of debt to cover current expenses.
Finance Minister Jerson Posada presented the budget on september 30, underlining that it reflects a decrease of US$970 million compared to the projected closing of 2024. This financial adjustment, according to the authorities, responds to a strategy of responsible management of public finances, allowing to cover all of next year’s expenditures without resorting to loans.
Christian Guevara said that this approach marks an important change in the country’s fiscal management, by guaranteeing that the State’s resources are managed responsibly. “This budget does not require external financing for current expenditures, which demonstrates a new model of fiscal responsibility”, said the chairman of the Finance Committee.
The head of the Nuevas Ideas bench also recalled that during their first year as deputies, they approved a budget with the largest social investment in the history of the country. He emphasized that this trend has continued, always seeking to prioritize resources for vulnerable and essential sectors of the country.
In addition, Guevara highlighted the transparency with which the budgets have been managed in recent years. “We have had the most transparent budgets and we can see the results. This evaluation process is crucial to continue advancing in the construction of a country with solid public finances”, he assured.
The study of the budget will continue in the coming weeks, with the active participation of the Finance Commission and the supervision of all State institutions, to ensure a correct distribution of resources and an efficient fiscal year in 2025.
